Demand for flat steel imports in Turkey has remained low over the past week. Market sources state that buyers are waiting for new import price levels to become clearer, while they are expected to negotiate when all the import offers are announced. Import flat steel prices in Turkey have remained unchanged or increased over the past week, against the background of the rises seen in iron ore and scrap prices. Additionally, the decision on the antidumping trade case against flat steel imports initiated on January 28 in Turkey may be announced in the coming period.
Ukrainian hot rolled coil (HRC) offers to Turkey have remained unchanged compared to
last month in the range of $375-385/mt CFR, while Ukrainian cold rolled coil (CRC) offers to the same destination have increased by $5/mt over the same period to $470-480/mt CFR. No new import flat steel offers from Russia to Turkey have been heard yet, while Russian producers are expected to increase their prices by $10-15/mt in the coming period. The most recent prices for Russian HRC and CRC to Turkey were in the ranges of $385-395/mt CFR and $475-495/mt CFR, respectively. Similarly, no new offers from China to Turkey have been heard, while Chinese HRC offers to the global market have increased by $10-15/mt week on week to $370-375/mt FOB.